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for the project. we also had our real estate consultant and the concord group conduct a study to demonstrate the benefits to adjacent propertis from the project. and the study found that the project will add about $3. 7 billion in value to the real estate development within a three quarter mile radius around the transit center. this slideshows just the detail of the new source funding plan that is currently in the draft rtp and that would be approved later on this year in 2013. and in 2013, we currently have pending grant applications totaling $60 million. the security ibonds are state security funds that ac transit is allocating to us that we're using for security aspects of the design. later in the agenda we'll be asking you to approve an ipr or another allocation of mtc bridge tolls for the structural steel package and we have passed the first-round and in the second round of the one bay area grant program for $10 million application for a pedestrian and bike aspects of the design of the transit center. >> great. now so next -- this time next year january, 2014, the bse package, all bu
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